Norwood Financial Corp.
US ˙ NasdaqGM ˙ US6695491075

Introduction

This page provides a comprehensive analysis of the known insider trading history of Andrew Forte. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Andrew Forte has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:NWFL / Norwood Financial Corp. Director 7,544
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Andrew Forte. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases NWFL / Norwood Financial Corp. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in NWFL / Norwood Financial Corp.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2025-07-29 NWFL FORTE ANDREW 400 24.5660 400 24.5660 9,826 31 27.0600 998 10.16
2025-04-25 NWFL FORTE ANDREW 485 24.5000 485 24.5000 11,882
2024-04-24 NWFL FORTE ANDREW 230 23.8900 230 23.8900 5,495
2024-04-24 NWFL FORTE ANDREW 400 24.6300 400 24.6300 9,852
2023-11-16 NWFL FORTE ANDREW 200 27.6900 200 27.6900 5,538
2023-06-29 NWFL FORTE ANDREW 400 28.8900 400 28.8900 11,556
2023-06-28 NWFL FORTE ANDREW 425 29.2000 425 29.2000 12,410
2022-06-23 NWFL FORTE ANDREW 560 24.2800 560 24.2800 13,597
2022-06-23 NWFL FORTE ANDREW 400 24.4100 400 24.4100 9,764
2021-04-23 NWFL FORTE ANDREW 75 25.6700 75 25.6700 1,925
2021-03-30 NWFL FORTE ANDREW 220 26.8700 220 26.8700 5,911
2020-11-16 NWFL FORTE ANDREW 120 28.9200 120 28.9200 3,470
2020-09-02 NWFL FORTE ANDREW 400 25.7500 400 25.7500 10,300
2020-07-22 NWFL FORTE ANDREW 315 29.1400 315 29.1400 9,179
2019-01-29 NWFL FORTE ANDREW 400 29.4800 400 29.4800 11,792
2018-11-08 NWFL FORTE ANDREW 69 37.0000 69 37.0000 2,553
2018-09-26 NWFL FORTE ANDREW 400 39.8000 400 39.8000 15,920
2018-04-25 NWFL FORTE ANDREW 400 29.9800 400 29.9800 11,992
2018-04-24 NWFL FORTE ANDREW 245 29.3300 245 29.3300 7,186
2017-03-22 NWFL FORTE ANDREW 95 38.0000 142 25.3333 3,610
2016-03-29 NWFL FORTE ANDREW 90 28.0000 135 18.6667 2,520
2015-02-06 NWFL FORTE ANDREW 600 28.8800 900 19.2533 17,328
2014-11-21 NWFL FORTE ANDREW 23 29.2200 34 19.4800 672
2014-11-20 NWFL FORTE ANDREW 77 29.1000 116 19.4000 2,241
2014-02-26 NWFL FORTE ANDREW 100 29.7500 150 19.8333 2,975
2013-04-22 NWFL FORTE ANDREW 268 30.2000 402 20.1333 8,094
2013-02-01 NWFL FORTE ANDREW 100 30.2500 150 20.1667 3,025
2012-05-24 NWFL FORTE ANDREW 49 26.3500 74 17.5667 1,291
2012-03-22 NWFL FORTE ANDREW 110 26.1400 165 17.4267 2,875
2012-03-16 NWFL FORTE ANDREW 700 26.9100 1,050 17.9400 18,837
2012-03-07 NWFL FORTE ANDREW 500 26.0500 750 17.3667 13,025

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

NWFL / Norwood Financial Corp. Insider Trades
Insider Sales NWFL / Norwood Financial Corp. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in NWFL / Norwood Financial Corp.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2022-12-27 NWFL FORTE ANDREW 825 33.2100 825 33.2100 27,398 154 24.0000 -7,598 -27.73
2021-12-09 NWFL FORTE ANDREW 825 26.0100 825 26.0100 21,458

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

NWFL / Norwood Financial Corp. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Andrew Forte as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2025-07-31 2025-07-29 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 400 7,544 5.60 24.57 9,826 185,326
2025-04-29 2025-04-25 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 485 6,405 8.19 24.50 11,882 156,922
2025-01-22 2025-01-21 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		A - Award 122 122 26.44 3,226 3,226
2024-12-26 2024-12-24 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		A - Award 825 825 27.25 22,481 22,481
2024-12-23 2024-12-19 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		A - Award 384 9,026 4.44 26.00 9,984 234,676
2024-04-25 2024-04-24 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 400 7,544 5.60 24.63 9,852 185,809
2024-04-24 2024-04-24 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 230 6,265 3.81 23.89 5,495 149,671
2023-12-14 2023-12-12 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		A - Award 700 700 29.66 20,762 20,762
2023-11-17 2023-11-16 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 200 5,920 3.50 27.69 5,538 163,925
2023-11-14 2023-11-13 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		M - Exercise 750 7,903 10.49 17.93 13,448 141,701
2023-07-11 2023-06-29 4 NWFL NORWOOD FINANCIAL CORP
Common stock 		P - Purchase 400 7,144 5.93 28.89 11,556 206,390
2023-06-29 2023-06-28 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 425 5,720 8.03 29.20 12,410 167,024
2022-12-27 2022-12-27 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		S - Sale -825 7,020 -10.52 33.21 -27,398 233,134
2022-12-27 2022-12-27 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		M - Exercise 825 7,715 11.97 18.03 14,875 139,101
2022-12-15 2022-12-13 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		A - Award 700 700 33.53 23,471 23,471
2022-06-27 2022-06-23 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 400 6,744 6.31 24.41 9,764 164,621
2022-06-27 2022-06-23 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 560 5,005 12.60 24.28 13,597 121,521
2021-12-16 2021-12-14 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		A - Award 200 200 25.80 5,160 5,160
2021-12-09 2021-12-09 4 NWFL NORWOOD FINANCIAL CORP
Option-Right to Buy 		M - Exercise -825 2,875 -22.30
2021-12-09 2021-12-09 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		S - Sale -825 5,761 -12.53 26.01 -21,458 149,844
2021-12-09 2021-12-09 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		M - Exercise 825 6,586 14.32 16.65 13,736 109,657
2021-04-26 2021-04-23 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 75 4,316 1.77 25.67 1,925 110,792
2021-03-30 2021-03-30 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 220 4,241 5.47 26.87 5,911 113,956
2020-12-10 2020-12-08 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		A - Award 700 700 26.93 18,851 18,851
2020-11-17 2020-11-16 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 120 3,851 3.22 28.92 3,470 111,371
2020-09-24 2020-09-23 4 NWFL NORWOOD FINANCIAL CORP
Options-Right to Buy 		M - Exercise -825 3,700 -18.23
2020-09-24 2020-09-23 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		M - Exercise 825 4,999 19.77 16.83 13,885 84,133
2020-09-02 2020-09-02 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 400 6,344 6.73 25.75 10,300 163,358
2020-07-22 2020-07-22 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 315 3,731 9.22 29.14 9,179 108,721
2019-12-12 2019-12-10 4 NWFL NORWOOD FINANCIAL CORP
Option-Right to Buy 		M - Exercise -825 4,525 -15.42
2019-12-12 2019-12-10 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		A - Award 700 700 36.02 25,214 25,214
2019-12-12 2019-12-10 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		M - Exercise 825 4,042 25.65 17.33 14,297 70,048
2019-01-30 2019-01-29 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 400 5,944 7.22 29.48 11,792 175,229
2018-12-13 2018-12-11 4 NWFL NORWOOD FINANCIAL CORP
Options - Right-to-Buy 		A - Award 300 5,350 5.94
2018-12-13 2018-12-11 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		A - Award 700 700 32.34 22,638 22,638
2018-11-08 2018-11-08 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 69 3,240 2.18 37.00 2,553 119,880
2018-09-27 2018-09-26 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 400 5,544 7.78 39.80 15,920 220,651
2018-04-26 2018-04-25 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 400 5,144 8.43 29.98 11,992 154,217
2018-04-25 2018-04-24 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 245 3,171 8.37 29.33 7,186 93,005
2017-12-14 2017-12-12 4 NWFL NORWOOD FINANCIAL CORP
Option - Right-to-Buy 		A - Award 1,000 5,050 24.69
2017-12-14 2017-12-12 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		A - Award 50 50 32.81 1,640 1,640
2017-11-20 2017-11-20 4 NWFL NORWOOD FINANCIAL CORP
Option - Right-to-Buy 		M - Exercise -825 4,050 -16.92
2017-11-20 2017-11-20 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		M - Exercise 825 2,010 69.62 18.94 15,626 38,069
2017-03-22 2017-03-22 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 95 1,891 5.29 38.00 3,610 71,858
2016-12-15 2016-12-13 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		A - Award 350 350 33.56 11,746 11,746
2016-03-29 2016-03-29 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 90 1,739 5.46 28.00 2,520 48,692
2015-12-14 2015-12-08 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		A - Award 300 300 28.55 8,565 8,565
2015-08-21 2015-08-20 4 NWFL NORWOOD FINANCIAL CORP
Option - Right to Buy 		M - Exercise -550 3,250 -14.47
2015-08-21 2015-08-20 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		M - Exercise 550 550 25.00 13,750 13,750
2015-02-09 2015-02-06 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 600 3,163 23.41 28.88 17,328 91,347
2014-12-11 2014-12-09 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		A - Award 350 350 29.08 10,178 10,178
2014-11-21 2014-11-21 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 23 1,520 1.54 29.22 672 44,414
2014-11-21 2014-11-20 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 77 1,497 5.42 29.10 2,241 43,563
2014-02-28 2014-02-26 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 100 1,420 7.58 29.75 2,975 42,245
2014-01-03 2013-12-31 4 NWFL NORWOOD FINANCIAL CORP
Options Right-to-Buy 		A - Award 500 3,800 15.15
2013-04-23 2013-04-22 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 268 1,148 30.45 30.20 8,094 34,670
2013-02-05 2013-02-01 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 100 880 12.82 30.25 3,025 26,620
2013-02-04 2012-05-24 5 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 49 780 6.70 26.35 1,291 20,553
2013-02-04 2012-03-22 5 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 110 701 18.61 26.14 2,875 18,324
2013-02-04 2012-03-16 5 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 700 1,830 61.95 26.91 18,837 49,245
2013-01-03 2012-12-31 4 NWFL NORWOOD FINANCIAL CORP
Options Right-to-Buy 		A - Award 500 3,000 20.00
2012-03-08 2012-03-07 4 NWFL NORWOOD FINANCIAL CORP
Common Stock 		P - Purchase 500 1,130 79.37 26.05 13,025 29,436
2012-02-03 2011-04-22 5 NWFL NORWOOD FINANCIAL CORP
Common Stock 		L - Other 159 591 36.81 27.25 4,333 16,105
2012-01-03 2011-12-30 4 NWFL NORWOOD FINANCIAL CORP
Options Right-to-Buy 		A - Award 500 2,500 25.00
2011-01-04 2010-12-31 4 NWFL NORWOOD FINANCIAL CORP
Options Right-to-Buy 		A - Award 500 2,000 33.33
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)